Springfield daily republic. [volume] (Springfield, O. [Ohio]) 1887-1888, 1887-09-10


Saveing OF time an Il labrr"?
John . Smith.
There you are. sir
Thanks" said the agent. obviously.
| The situation at East street is the on,
great subject of interest IN business circle
in Springfield. Ii is true that public con
tidence is in measure restored since thu
first shock of the failure. A Springfield,
banker told me that the money which Wa
drawn from the banks at the time ot thu
receivership is coming back to the banks FOL
deposit There is no doubt that during Tho
first excitement a large sum was drawn
from the banks. One business man SAID
that he believed that there were several
hundred thousand dollars In old sacks III
this city shortly after the failure. and he
hoped to goodness the burglars all over the
country wouldn't get on to the fact and
rush in to give Springfield burglars
boom" A banker $ id: 1T was funny tn
see the little subterfuges which people
would use 10 get their money. One man
wanted his money to make payment on
lot. another had Just seen a fine horse which
he desired to buy. another wanted TO ouiid
right away. while another wanted his
money to send to mythical brother-ln-law
IN NAllSaS I lily 10 lltNtSt III iVai VSt"t' t'I
him. All those who had no bona iide use
| for their money and were just drawing it
from fright were sure to give themselves
away by their sheepsh appearance. Very
few had the sand to walk up to the desk and
get their money without giving some excuse
for drawing il.
Ii was the small investors. principally.
who wanted their money. The big fellows
knew there was no danger. and let their
money sleep snugly in the bank. Now con
tidrnce is fully restored in the banks and
the deposits are all coming. Nothing is
more dangerous than to keep money in the
house ANY bank is far safer than hiding
rolls of bills in tea caddies. coal scuttleS.
picture frames, &c, as some cheerful idiots
do All the banks in Springfield are As
solid Is rock.
A prominent Champion agent. who makes
a speciality of attending the county fairs
with the Champion machines. said the 9th
er day: Farmers and people throughout
the country generally are not posted on this
Whiteley. Fassler 4 Kelly trouble. They
know nothing about it. rs general thing.
Two brief Associated Press dispatches, Civ
ing an account OF the receivership, were
sent out to the papers throughout the coun-
try. The western papers. most OF them.
published the report in full. but the eastern
papers boiled it down to q paragraph. as
did the extreme western papers. and the
country weeklies and the big metropolitan
weekiies contained not one word relating TO
it. The result of this is that probably not
one farmer in hundred knows. as he sits
proudly on his Champion self-binder and
looks over the pillows of waving grain. that
| .L. i in,
the hands of q receiver.
The Champions rivals have. however.
done all in their power to spread the news
of the W, +. Il X difficulty. With that
dispicable train of human nature which
prompts people to turn on any fellow
creature in trouble. ii is said that no sooner
had the telegraph brought the news OF re
ceivership than the proprietors of rival
machines got up big hand bills In fiaring
type announcing that the Champion has
busted-gOne into a receivarship.' and that
FARMERS will be unable TO get any repairs
on it this season."
OF course they knew that this statement
was an infamous lie. but they did il simply
to injure the Champions sales. Stacks of
these hand bills were placed in the hands
of the agents of the companies who issued
them. and they were tackled mp in the stores
Of dealers of agricultural implements. with
the general invitation to the public to take
one In spite Of this. the Champion has
retained its old time popularity with the
farmers. and has had good sales this wear.
The self-binder has attracted much atten-
ton at the fairs wherever exhibited, and is
certainly triumph of machinery.
Another prominent citizen said on the
Champion situation: The Champion is
one of the leading machines of the country.
There is great demand for them. Now.
where there is a demand. there is sure To be
a supply. 1t is certain that Champion ma
chimes sufficient to supply the demand Of
the whole country for them will be manu-
factured each year. Now, where else will
these machines be manufactured but in
Springfield. where great buildings ann
plants of machiney to make every ported
Of the machine. from the massive wheels to
the smallest rIvet. have been specially ere
ated? The prosperity of Springfield will
suffer but a slight temporary check, for a
full supply of Champion machines will be
made yearly, and it will take as many men
as ever to make them. When business
gets to be as large and as national in char
acter a. that of W. +. Il r.. and especially
where it is built up on valuable patents. it
is good deal like railroad through a good
populouS country; it is too large to fail.
The management may fail. There may be
receiverships. suits aid what-nOt, but the
railroad is never idle, trains net er stop run
ming on ii. and ii goes on somehow and un-
der some management Take the big news
paper property. the Chicago Times. for in
stance. that has been in the hands of re-
ceiyer for several years. All the checks are
signed by Horace A. Hurlbut, receiver"
and the business runs on As usual. The
paper is one of the great journals of the
country, and subscribers don't seem to pay
any attention to the fact of its being in the
hands of a receiver. 1t will be the same
with the big East street works. Does any
one suppose that such vast heap OF bricks
and mortar. and gigantic and cunning ma
chinery. will stand idle long? Not by a
good deal. Property is worth too much in
this country. especially II is especially de-
signed TO build machinery which is in so
active demand as reapers and mowers.
Mr. Frank Frankenberg is in Portland.
Oregon. attenkipg to the interests of the
Champion Machine company there. He
writes: There has not been single day
this summer when it was not pleasanter to
walk on the sunny than on the shady side !
of the street The summers in Oregon are |
delightful. Portland is a wonder !
fully rich city. l think there are more
Young millionaires here than in any city l |
ever saw. Portland is wonderfully pleas |
ant city to live in"
The crop of grapes in the vicinity Of
Springfield is wonderfully tine this year.
1t is great blessing that it is so. As most
of the other fruits are failure. 1t is said
that there are hardly any apples in Clark
and very few pears, while even
crab apples are scarce. Potatoes are no
crop at all. More attention should be given
70 ,yr,na cu,trra IN Clark county The px-